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IMF's Lipsky warns of emerging markets overheating

Fast-growing emerging market economies are beginning to exhibit signs of overheating, a top International Monetary Fund official said on Monday.

Persian Gulf states support no-fly zone over Libya

Qatar's Prime Minister Sheikh Hamad bin Jassim bin Jaber al-Thani and U.A.E. Foreign Minister Sheikh Abdullah bin Zayed al-Nahayan

The six Persian Gulf states have expressed their support for the establishment of a no-fly zone over Libya, while the U.S., U.K. and France try to hammer out an agreement with the United Nations for just such a measure.

Exclusive: IMF's Lipsky warns of emerging markets overheating

Fast-growing emerging market economies are beginning to exhibit signs of overheating, a top International Monetary Fund official said on Monday.

There Are No Good Outcomes in The Oil Game

There are no good outcomes, only bad, really bad, and catastrophic. Take your pick. Could gas prices drop below $3.00 per gallon if the world sinks back into recession? Yes. But it would only be momentary. The easy to access supply is dwindling. The medium and long term direction of gas at the pump is up. There is nothing that can be done in the next five years to prevent significantly higher oil prices.

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Morgan Stanley cancels all Libya oil trade: source

Wall Street bank Morgan Stanley has stopped trading oil with Libya, a trade source said on Monday, in an early indication that U.S. sanctions could further hit exports from the north African producer.

Tunisian volunteers hand out food and water to Bangladeshi migrant workers at a refugee camp near the Libyan and Tunisian border crossing of Ras Jdir

UN to send team to Libya to assess humanitarian crisis

The United Nations said it will be sending a team of specialists to assess the humanitarian crisis in Libya, as thousands of foreigners remain trapped in the country and fighting intensifies between forces opposed to and loyal to Moammar Gaddafi.

Libyan Internet Shows Signs Of Life

Isolated spikes of Internet activity showed up in Libya over the weekend, according to Google's Transparency Report, but it is intermittent and Libya is still largely cut off from the rest of the world.

Oil pulls back from early rise in volatile trade

Brent crude prices turned lower after pushing back above $118 a barrel on Monday, and U.S. oil pared gains after concerns about Libya's conflict and the threat of wider supply disruptions in the Middle East lifted it to the highest level since September 2008.

Tech shares lead Wall Street lower

Technology shares led U.S. stocks lower after a downgrade of semiconductors on Monday, helping push the sector below a key technical level, which could mean further losses.

Fed bond buys to be completed as oil on radar: officials

The Federal Reserve's $600 billion bond purchase program will be completed as planned, top Fed officials signaled on Monday, though they saw heightened economic uncertainty from unrest in the Middle East.

Gaddafi negotiating his exile, wants his safety guaranteed: Asharq Alawsat

Libya leader Muammar Gaddafi has told the opposition government that he’s willing to give up power and leave the country if the safety of him and his family is guaranteed.

US stocks retreat as tech shares weigh

U.S. stocks turned lower on Monday, led by declines from technology and consumer-discretionary companies as oil prices remained near $105-a-barrel amid ongoing political tensions in Libya

Usher poses on arrival at the 53rd annual Grammy Awards in Los Angeles

Usher to return money made at Gaddafi family party

Usher is the latest celebrity to say that he will return the money he was paid for performing at a Gadaffi family party in St. Barts.

Oil up on Libya and Mideast worry but off highs

Brent crude prices rose above $118 a barrel and U.S. prices pushed to their highest level since September 2008 on Monday, before paring gains in volatile trading, lifted by Libya's conflict and the threat of wider supply disruptions in the Middle East.

Wall Street stocks pull back with semis, rising oil

Stocks fell on Monday, weighed down by a downgrade of the semiconductor sector and worries about the effect of higher oil prices on the economy, which is unlikely to change soon.

Global central banks say united on inflation fight

Central banks worldwide are unified in seeking to anchor expectations for future inflation, but that does not mean they will all go about it in the same way, policymakers said Monday.

Brent crude rises on Libya but pares gains

Brent crude rose as high as $118.50 a barrel and U.S. oil hit its highest level since September 2008 on Monday on concern over wider supply disruptions in the Middle East before both markets pared gains.

Gold Price Hits New Record-High vs. Falling Dollar as Libya's Civil War Spreads

The Gold Price rose new all-time highs vs. a falling US Dollar on Monday morning in London, hitting almost $1445 per ounce as European stock markets held flat and major-economy government bonds slipped, nudging interest rates up.

Gold climbs to record as Mideast violence flares

Gold climbed to a record high above $1,440 an ounce on Monday as the threat of violence spreading in the Middle East and North Africa pushed oil prices to 2-1/2 year highs and burnished the metal's safe-haven appeal.

Stocks gain as oil pulls back from highs

Stocks edged higher on Monday as a flurry of acquisition activity boosted optimism about share prices and oil prices eased from earlier highs sparked by tensions in the Middle East.

Migrants from North Africa arrive in the southern Italian island of Lampedusa

More illegal migrants from North Africa arrive in Italy, fleeing unrest

About 1,000 illegal migrants fleeing unrest in North Africa have landed on the Italian island of Lampedusa overnight in a dozen or so boats, intensifying fears that a massive influx of people from Tunisia, Libya and other places will soon reach Europe’s shores.